The FIFTH THIRD ASSET MANAGEMENT, INC. is a publicly held investment adviser that advises $19.29Bn in regulatory assets under management held in 4 SEC fund types across 2 investment strategies. FIFTH THIRD ASSET MANAGEMENT, INC. is a Retail Wealth A retail wealth manager is a manager whose >=75% of total assets under management are managed for individual investors through retail advisory or brokerage channels. Manager. Assets increased by 90.8% over the last 5-years.
The Group has been registered with the SEC for 50.21 years and is comprised of 5 filing and 0 relying advisers. They operate out of 36 office locations with their Headquarters at 34 FOUNTAIN SQUARE PLAZA MD 1090AM, CINCINNATI, OH. The Group has been subject to regulatory enforcement actions. They are regulated by 5 US and Non-US bodies.
They have 1,477 employees comprised of 865 investment and 612 non-investment staff. The total number of Employees decreased by 10.76% over the last 5-years.
Their $19.29Bn in assets advised are owned by 18 private funds, 0 public funds and BDCs and 761 other accounts. Assets of Individuals clients own $7.46Bn or 38.66% of Total Assets and High Net Worth Individuals own $6.85Bn or 35.51% of Total Assets.
The Group's top investment strategies include Fund of Funds and Multi Strat, representing 97.23% and 2.77% of total assets, respectively.
They advise 8 types of clients, top clients are Individuals and High Net Worth Individuals.
The Group uses 0 Fund Administrators, 2 Fund Auditors, 0 Prime Brokers, 1 Custodians and 0 Marketers. It does not report a third-party Fund Administrator in 9 private funds with $164.9mn in assets.
The Group discloses advisory fees, fixed fees and management fees.
FIFTH THIRD ASSET MANAGEMENT, INC. names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.
They have a HIGH-WATCH risk business model that requires a high degree of process maturity to manage operational risk. A Manager Group has a "High Complexity" when 25% or more of 63 business conditions measured require a high level of process maturity to manage the risk. The "Watch" suffix indicates that one or more of the following business conditions carry a high-complexity score: 1) % Fund Assets Valued Internally, 2) prior Regulatory Violations, 3) Unqualified Audits, 4) Multi-Functional C-Suite and 5) Business Concentration Risk with an Auditor or Administrator.
In FIFTH THIRD ASSET MANAGEMENT, INC.'s case, they have 24 business conditions that require high process maturity and 3 Watch Factors.